Eddie Stobart Logistics has successfully completed its transformation into a stand-alone business after the acquisition of a 51% stake in the operator by private equity firm DouglasBay Capital on 10 April 2014, according to its parent company. Greenwhitestar UK (which ultimately is owned by DouglasBay Capital Fund) made the statement in newly filed accounts at Companies House, which revealed that Eddie Stobart Logistics achieved a turnover of £394.4m and a pre-tax profit of £24.4m for the period from 10 April […]
Wincanton has released details of its deal to manage Britvic’s new 273,000sq ft Rugby facility, which went live recently.
CM Downton walked away with the big prize of the night – the Haulier of the Year trophy – in front of a sell-out audience of 1,500 at last night’s Motor Transport Awards (13 June). Delighted directors of the family firm Andrew, Richard and John Downton, collected the trophy from co-host Sean Lock. The Moreton Valance, Gloucestershire-based firm has achieved the remarkable feat of boosting turnover and doubling operating profit since the credit crunch struck in 2008 – a performance […]
Eddie Stobart Logistics lines up Deloitte for potential administration ahead of crunch shareholder vote on its future
Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors.